China wants to win the AI race on its own hardware. A new plan shows just how much it is willing to spend, and how far it will go to cut American chips out of the picture. Beijing is drafting a blueprint to spend around 2 trillion yuan ($295bn) over the next five years building […]

Six months ago, ICEYE was worth €2.4bn. Today it is worth more than €10bn. Few numbers capture Europe’s defence-tech boom as bluntly as that. The Finnish satellite company has raised €450mn in a Series F round led by General Atlantic, valuing it at over €10bn ($11.5bn), a fourfold jump since December. Counting a secondary sale […]

Europe has the ambition to reach space on its own. What it lacks is rockets that work. Isar Aerospace has just raised €270mn to fix the first problem, and in less than a week it gets another chance to fix the second. The Munich startup, one of Europe’s best-funded space companies, closed a €270mn Series […]

Enterprise AI has a stalling problem, and it is not the models. Companies have poured money into chips, private clouds, and pilot projects, then watched most of them stop before they ever reached production. A London company called Deliverance AI thinks it knows why, and on Tuesday it came out of stealth to sell the […]

The Prince of Wales will attend London Tech Week on Wednesday for the first time, chairing a panel on how data and technology can identify people at risk of homelessness before they lose their homes. It is the first time homelessness prevention has appeared on the event’s agenda. The panel, hosted by entrepreneur Jake Humphrey, will feature […]

Databricks is in talks to raise a new funding round at a valuation of between $165 billion and $175 billion, The Information reported on Monday. The round could begin as soon as next month and would represent a 23% to 31% increase from the $134 billion valuation the company achieved in February. That February round was itself […]

Apple’s most important AI announcement at WWDC 2026 was not a feature. It was an architecture. The rebuilt Siri runs on a custom 1.2-trillion-parameter model built on Google’s Gemini technology, hosted on Google Cloud servers powered by Nvidia Blackwell B200 GPUs. For the company that made privacy its premium product, outsourcing AI inference to its largest competitor’s cloud […]

BYD’s executive vice president Stella Li told CNBC on Monday that China’s EV market will push to close to 80% penetration, a bullish forecast that contrasts sharply with rival Nio, whose chief executive William Li said last month that the industry’s “golden era” was over. The prediction arrives on the same day the Pentagon added […]

Perplexity AI plans to go public in 2028, and CEO Aravind Srinivas told CNBC that timeline has not changed because OpenAI and Anthropic are now filing for IPOs. “Agnostic of these two companies, we were planning for something in 2028, so that still remains the case,” Srinivas said. The statement positions Perplexity as the deliberate […]

Fujikura, the Tokyo-based fibre-optic cable manufacturer, is raising prices on the cables that connect servers inside AI data centres. CEO Naoki Okada told Bloomberg the company is on track to beat its own forecast thanks to sustained demand from nearly every major US hyperscaler. “We supply a valuable product,” Okada said. “We will raise prices a […]